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CNBC's Eamon Javers reports on the losers and winners in the tax cut agreement, and debating whether both parties will eventually reach a full year agreement and if the Tea Party is to blame for the stalemate, with Howard Dean, former DNC chairman, and Tom Tancredo, (R) former Colorado congressman.

CNBC's Eamon Javers has the details on a two month tax agreement reached in Congress, reaction from the House, with Rep. Rob Andrew, (D-NJ), and Rep. Michael Burgess, (R-TX), and the winners and losers in the standoff, with Jared Bernstein, fmr. chief economist to vp Joe Biden, and James Pethokoukis, American Enterprise Institute.

A sharp drop in tech outweighed an otherwise positive day for the market, with Oracle, the big loser. Discussing how to invest in this market, with Michael Farr, Farr, Miller & Washington, and Jim Lacamp, MacroPortfolio Advisors.

Rep. Tom Price, (R-GA) defends the GOP position on the tax cuts bill, and discussing whether a compromise can be reached, with Jared Bernstein, Center on Budget and Policy Priorities, and Steve Moore, "Return to Prosperity" author.

CNBC's Brian Shactman has the details on a plane crash in New Jersey, that killed all five aboard; an ITC judge ruled Motorola infringed Microsoft's patent; and an advisory board is asking two scientific journals not to publish details of certain bio-medical experiments.

CNBC's Brian Shactman reports on Tuesday's rally, fueled by better-than-expected housing numbers, and discussing whether this is a last minute Santa Claus rally, and how investors should position their portfolios, with Keith McCullough, Hedgeye Risk Management, and Lawrence Glazer, Mayflower Advisors.

CNBC's John Harwood has the latest details on the payroll tax cut fight on Capitol Hill, and debating the merits of a full- year versus a two-month version of the bill, with Rep. Brad Sherman, (D-CA), and Rep. Nan Hayworth, (R-NY).

CNBC's Brian Sullivan reports ConocoPhillips was issued a permit to develop the first commercial oil well in Alaska; 13 thousand gallons of synthetic drilling fluid has leaked from a Shell rig in the Gulf of Mexico; the ITC has banned the imports of HTC handsets; and Swedish car maker, Saab has declared bankruptcy.

Robert Costa, National Review reports GOP presidential candidates, Newt Gingrich and Mitt Romney are in attack mode, and a look at the game plan for other GOP contenders and whether Jeb Bush will enter the race, with Ari Melber, The Nation; Steve Moore, "Return to Prosperity" author; and Armstrong Williams, "Reawakening Virtues" author.